Man sentenced to jail for embezzling thousands from senior

CRYSTAL FALLS – A Caspian man was sentenced to serve 90 days in jail for fraudulently obtaining over $53,000 from a 79-year-old woman.

Daniel Joseph Pangrazzi, 56, must also pay $62,130.65 in restitution. This amount reflects the money unlawfully obtained, as well as attorney fees and other costs to the victim.

Pangrazzi had pleaded guilty to one felony count of attempted fraud-obtaining signature with intent to defraud.

He appeared in Iron County Trial Court on Monday and was sentenced to serve 90 days in jail, followed by three years probation.

In a statement to the court, the victim said Pangrazzi had abused her trust and presented her with what seemed to be a legitimate, urgent business transaction requiring her financial assistance.

She added that the last 15 months have been full of stress and anxiety as she attempted to recover the money, which was saved for her retirement.

“In a matter of a few days, he manipulated me out of eleven years of hard-earned savings,” she said.

Judge C. Joseph Schwedler approved work release for Pangrazzi, provided that not less than half his earnings are applied to restitution.

“The court is very interested in seeing the victim in this matter repaid in full,” he said.

Evan Reid’s e-mail address is ereid@ironmountaindailynews.com.